PLXS vs TXN: Correlation
Measured on weekly returns over the past three years, Plexus Corp. (PLXS) and Texas Instruments (TXN) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLXS and TXN?
On 3 years of weekly data the PLXS/TXN correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 688.9 %².
By 3-year correlation, TXN places #6 of the 13 assets tracked against PLXS. Correlation aside, the last 12 months split them widely, with PLXS ahead by 44.0 points (+77.1% versus +33.1%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PLXS vs TXN: side by side
| PLXS (Plexus Corp.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +77.1% | +33.1% |
| 5-year return | +165.9% | +60.4% |
| Volatility (ann.) | 33.3% | 34.3% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -34.9% | -33.4% |
| Market cap | $6.5B | $243.4B |
| P/E (trailing) | 36.1 | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PLXS | TXN |
|---|---|---|
| 2022 | +7.3% | -9.9% |
| 2023 | +5.1% | +6.4% |
| 2024 | +44.7% | +13.1% |
| 2025 | -6.1% | -4.5% |
| 2026 | +67.0% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLXS and TXN good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PLXS and TXN?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.61 over the last year and 0.59 over 5 years.
Is TXN a good diversifier for PLXS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PLXS correlations · TXN correlations
